Value Proposition Worksheet: Identifying Differentiators in Record Time
Last time, we discussed the importance of identifying real differentiators that resonate with your target market. Without this, you risk blending into all existing solutions and alternatives.
Now, it's your turn to apply the steps we identified to flesh out differentiators.
(For further explanation of any of the steps below, see the related article on Differentiators)
Â
đŞ´
A Note From the Author (Dan Wu, JD/PhD)
As a former startup SVP of Product, I've lived the challenges this covers. I've used similar frameworks and tools to build and manage responsible, high-growth products generating 6-7 figures of annual revenue.
I help social impact leaders find who will buy, what to say, and what to sell, fusing Silicon Valley product thinking & Harvard PhD insight.
Request access. I give access to those who fill the form out above.
Â
Step 2: Fill out the Value Proposition Worksheet
This is the key information that will generate a ârough draftâ of your differentiator, which is the second part of a positioning and messaging statement.
Go to the tab âValue Proposition Worksheet.â Scroll past the below. This comes later.
Â
Â
Open up your âPersonaâ worksheet for immediate reference. For instance, refresh yourself on the top limitations youâve prioritized to solve with your differentiator.
Add in all items with the blue header under âYour Answerâ
Â
Â
List Convincing Differentiators. Do so by going through Step 3 below.This clarifies which of your differentiators is most worth highlighting.
Â
Step 3: Identify Differentiators
List differentiators that will convincingly and uniquely address their top unmet needs and limitations of existing solutions.
Commit to checking your optimism bias. To counter this, actually go through existing competitors and substitutes to see what they offer and where your strengths and weaknesses are. You might find your differentiator isnât that unique after all. If thatâs true, adjust your differentiator or reframe to think about how you can achieve better results for your shared target market.
Â
Audit differentiators. Open tab âDifferentiatorsâ and brainstorm options. (For more specific guidance on brainstorming questions, see Messaging & Positioning Template: Differentiators).
Â
Â
If you need tie-breakers, fill out the columns to the right of the âtie breakerâ column.
Â
Â
Add to the reasoning column. This helps others understand the âwhyâ behind your scoring.
Â
Step 4: Generate your Customer Unmet Needs Statement
Back in the âPersona Worksheetâ tab:
Fill out the rest of the section âConvincing Differentiator.â Draw from your work in the tabs above.
Â
Â
View the draft generated, once all rows with a â are filled in.
Â
Â
Refine and clarify. (As also mentioned in the first post in the messaging and positioning template series, consider using AI to help generate options, but donât overly wordsmith).
Â
Step 5: Send Me Your Completed Worksheet
Check off and confirm completion of every key step in tab âChecklistâ
Â
Â
Share this sheet with me providing âeditâ access
Next: Marketplace Category
Now review the post about choosing a solid marketplace category that positions you well to succeed.
See the next article in the series below
View our related series on Positioning and Messaging (Toggle For More)
Dan Wu is our Lead Innovation Advisor focused on helping leaders build safe, high-growth products. As an SVP of Product & Chief Strategy Officer, he has led and managed products to achieve 6 to 8 figures in revenue. His work is informed by his background as a Harvard JD/PhD, where he focused on responsible innovation, social networks, and mixed-methods research.
Discover five expert tips to enhance your Messaging and Positioning Template, ensuring your social impact initiatives resonate effectively with your target audience. Learn how to craft a compelling narrative that drives engagement and achieves your goals